April 27, 2017 archive

Customers of Tulsa-based Public Service Company of Oklahoma will pay more for electricity beginning in May as the utility adjusts its fuel factor to reflect higher prices for power and natural gas, according to a company press release issued Thursday. The fuel factor is based on predicted fuel and power costs. Since actual fuel costs …

Oil prices tanked on Thursday as domestic prices ended at their lowest settlement in a month and the nearing expiration of the Brent crude contract heightened volatility, according to Bloomberg MarketWatch. June West Texas Intermediate crude slid by 65 cents, or 1.3%, to settle at $48.97 a barrel on the New York Mercantile Exchange—the lowest settlement …

Word from the Associated Press indicates a Florida legislative committee gave approval this week to a bill allowing power companies to charge customers to fund out-of-state fracking projects. The bill would undo a 2016 Supreme Court ruling that said companies levying such charges were overstepping their authority. But the power companies contend the measure would …

State House Democratic leader Scott Inman, the announced candidate for governor, knows he has Republican leadership in a bind in its efforts to raise the state’s gasoline tax. And this week, Rep. Inman used a service station near the State Capitol as the site to call for returning Oklahoma’s gross production tax on oil and …

An Oklahoma state legislative leader is under fire by the Oklahoma Independent Petroleum Association for her recent participation in a State Capitol rally calling for a 250 percent increase in the gross production tax. Rep. Leslie Osborn – the Oklahoma House of Representatives Appropriation and Budget Chair – attended Wednesday morning’s rally sponsored by the …

As Oklahoma’s legislative leaders consider how to balance the state budget, two of the state’s leading energy associations sparred again on Wednesday over the gross production tax. The Oklahoma Energy Producers Alliance (OEPA) was scheduled to hold a press conference at the State Capitol on Wednesday morning to call for an increase in the state’s …